Nigerian Stocks Surge 57% as Earnings Season Kicks In
Nigerian stock trading volume surged 57.3% to 4.4 billion shares as earnings season begins, with key stocks like United Capital, Aradel, and Fidelity Bank highlighted for strong fundamentals.
Category : Business
Rising Wealth Inequality Threatens Nigeria Economy
Nigeria's top 1% now controls 44% of total wealth, up from 25% two decades ago, warns economist Doyin Salami. This rising inequality undermines economic growth and social stability.
Akwa Ibom community demands ₦126.85bn gas flare penalties
Residents of Unyenge in Akwa Ibom demand ₦126.85 billion in gas flare penalties for environmental cleanup, citing Petroleum Industry Act provisions.
Earn More by Becoming More: Invest in Yourself
Your income will never exceed your value for long. Discover why pursuing value over money leads to greater success, as shown through the contrasting careers of Michael and Hassan.
Segilola Hands Over Minibuses to Osun Communities
Segilola Resources Operating Limited handed over nine commercial minibuses and provided business support to beneficiaries under its Youth Empowerment Programme in Osun State host communities.
Nigeria and AfDB Urge African Control of Critical Minerals
Nigeria and the African Development Bank urge African nations to prioritize local processing and regional collaboration to control critical mineral resources, aiming for sustainable economic growth.
Gold vs Silver CFDs Trading Comparison
This article analyzes key differences between gold and silver CFDs, including safe-haven vs industrial demand, volatility, liquidity, and trading strategies for both assets.
Elumelu Urges Young African Entrepreneurs to Believe in Potential
Dr Awele Elumelu calls on young African entrepreneurs to recognize their world-class potential, citing global music collaborations as proof of what the continent can achieve.
FCMB Group H1 2024 Profit Surges 90.5% to N139.9 Billion
FCMB Group reported a 90.5% increase in net profit to N139.9 billion for H1 2024, driven by revenue growth, cost management, and digital expansion.
FCMB Group Profit Surges 99% to ₦157.3 Billion in H1 2026
FCMB Group Plc reports a 99% year-on-year rise in profit before tax to ₦157.3 billion for H1 2026, driven by strong growth across all divisions and digital revenue.
CIBN, ACAMB Urge Banks to Prioritise Financial Inclusion
The Chartered Institute of Bankers of Nigeria and ACAMB have urged banks to deepen financial inclusion and women empowerment, as new CIBN President Dr. Dele Alabi unveils his six-pillar IMPACT vision.
Standard Chartered CIO: Markets Resilient, Favour Equities, African Bonds
Despite geopolitical tensions and oil price spikes, global equities gained 10% in H1 2026. Manpreet Gill urges discipline, favours US/Asia equities, African Eurobonds, and gold for H2.
S&P Global buys majority stake in Agusto & Co.
S&P Global agreed to acquire a majority stake in Pan-African rating agency Agusto & Co., aiming to expand credit ratings across Africa. The deal is expected to close in H2 2026.
Global HIV funding sees steepest decline in 2025
International donor funding for HIV fell 25% in 2025, the largest single-year drop, driven by US cuts. UNAIDS warns the global response is at risk.
Oando Blames Sabotage for Bayelsa Oil Spill in June
Oando Plc attributed a 27 June oil spill from its Azuzuama-1 flowline in Bayelsa to third-party sabotage, citing induced corrosion detected during a joint investigation.
Solewant Group to Commission SSPC & Paints Plant in July 2026
Solewant Group will commission its SSPC & Paints Manufacturing Plant on July 31, 2026, in Rivers State, boosting local production of decorative and protective coatings for multiple sectors.
High Costs Persist in African Cross-Border Payments
Sending $200 to another African country costs up to 7.9%, far above the UN's 3% target. Despite 36 instant payment systems, fragmentation and dollar reliance hinder progress.
Aviation Workers Issue Fresh Ultimatum Over Unpaid Charges
Nigerian aviation unions give airline operators seven days to remit unpaid five percent Ticket Sales Charge or face nationwide picketing, citing safety risks.
House Engages Downstream Operators to Ease Fuel Tensions
The House of Representatives committee on downstream petroleum held consultations with marketers and refiners to reduce tensions, expand domestic refining, and ensure stable, affordable fuel supply across Nigeria.
Minister: Firewood Cooking Unacceptable in Gas-Rich Nigeria
Minister of State for Petroleum Resources Ekperikpe Ekpo declares that Nigerians should not use firewood for cooking given the country's abundant gas reserves, launching a national LPG penetration programme in Bayelsa.
FIFA Proposes $20B Commercial Arm; UEFA Raises Concerns
FIFA unveils a $20 billion commercial entity to centralize rights sales, but UEFA warns of governance risks and potential conflict of interest.
CBN: Nigeria FX Inflows Hit $109.9bn in 2025
Nigeria's foreign exchange inflows surged to $109.9 billion in 2025, with autonomous sources accounting for 86%, according to the Central Bank of Nigeria.
WHO: 1.2M New HIV Cases in 2025 Despite Progress
The World Health Organization reports 1.2 million people contracted HIV in 2025, highlighting ongoing challenges despite global treatment and prevention gains.
First Auto Companies in Nigeria: 1975 Locations
In 1975, Nigeria had three car assembly plants in Lagos and Kaduna, but only 175,000 vehicles for 66 million people—one car per 574 residents—revealing early industrial ambitions amid heavy import dependence.
Check NIRSAL Loan with BVN: Step-by-Step Guide 2026
Learn how to check your NIRSAL loan status and balance using your BVN. Step-by-step guide for portal login, application, and contact details.
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Dangote's Daughter Shares Father's 33% Wealth Donation Plan
Halima Dangote reveals her father Aliko Dangote's plan to donate 33% of his wealth to charity, aligning with Sharia code and involving family in the will.
No Nigerian Should Go Hungry – Remi Tinubu
First Lady Oluremi Tinubu announces community food banks and expanded food outreach under the Renewed Hope Initiative to combat hunger and child malnutrition in Nigeria.
Insurance Stocks Drive NGX Rebound, Investors Recover N481Bn
Insurance sector stocks lifted the Nigerian Exchange in July 2026, helping investors recoup N481 billion in market value after weeks of decline, according to trading data.
Block Numbers on MTN, Glo, Airtel, 9mobile: Full Guide
Learn how to block a number from calling you on MTN, Glo, Airtel, and 9mobile using USSD codes and phone settings. Covers Android, iOS, Windows, and button phones.
CIBN and ACAMB Push for Financial Inclusion
CIBN and ACAMB collaborate to promote financial inclusion, women empowerment, and sustainable growth in Nigeria's banking industry, targeting unbanked populations and gender equality.
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